The latest escalation between the U.S. and China could compromise U.S. energy sales worth $52 billion that China pledged to make over the next few years as part of the trade deal between the two nations. “China could be well short of its purchasing obligations for politically important agriculture products and energy goods,” energy consultancy ClearView Energy Partners told Bloomberg. “President Trump might see more political upside in scapegoating China for the spread of Covid-19 than preserving the compact.” The terms of the so-called Phase 1 trade deal between Washington and Beijing included the addition of U.S. energy exports to China worth some $18.5 billion this year and another $33.9 billion in 2021. The additional exports span the whole spectrum of fossil fuels and their derivatives, from crude oil and liquefied natural gas to various fuels as well as coke and coal. Now, these are under threat if the […]